Company Registration No. 10464178 (England and Wales)
SAFFA HYDRAULICS AND ENGINEERING LIMITED
Unaudited accounts
for the year ended 30 November 2020
SAFFA HYDRAULICS AND ENGINEERING LIMITED
Unaudited accounts
Contents
SAFFA HYDRAULICS AND ENGINEERING LIMITED
Company Information
for the year ended 30 November 2020
Director
Mr Michael Anderson
Company Number
10464178 (England and Wales)
Registered Office
140 ST PETERS STREET
LOWESTOFT
NR32 1UD
Accountants
P Lacey & Associates Ltd
Office 17
2 Regent House
Lowestoft
NR32 1PA
SAFFA HYDRAULICS AND ENGINEERING LIMITED
Statement of financial position
as at
30 November 2020
Tangible assets
27,300
32,117
Cash at bank and in hand
3,653
458
Creditors: amounts falling due within one year
(5,755)
(9,168)
Net current liabilities
(2,102)
(8,710)
Total assets less current liabilities
25,198
23,407
Creditors: amounts falling due after more than one year
(8,404)
-
Called up share capital
1
1
Profit and loss account
16,793
23,406
Shareholders' funds
16,794
23,407
For the year ending 30 November 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 August 2021 and were signed on its behalf by
Mr Michael Anderson
Director
Company Registration No. 10464178
SAFFA HYDRAULICS AND ENGINEERING LIMITED
Notes to the Accounts
for the year ended 30 November 2020
SAFFA HYDRAULICS AND ENGINEERING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10464178. The registered office is 140 ST PETERS STREET, LOWESTOFT, NR32 1UD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
15% reducing balance
Computer equipment
15% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2019
34,325
7,874
449
42,648
At 30 November 2020
34,325
7,874
449
42,648
At 1 December 2019
8,400
1,958
173
10,531
Charge for the year
3,889
887
41
4,817
At 30 November 2020
12,289
2,845
214
15,348
At 30 November 2020
22,036
5,029
235
27,300
At 30 November 2019
25,925
5,916
276
32,117
SAFFA HYDRAULICS AND ENGINEERING LIMITED
Notes to the Accounts
for the year ended 30 November 2020
5
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
4,505
8,404
Loans from directors
625
139
6
Creditors: amounts falling due after more than one year
2020
2019
Taxes and social security
8,404
-
7
Share capital
2020
2019
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 1 (2019: 1).